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Houston Texas service sector activity grew at the fastest rate this April since late 2014, and the state s manufacturing activity continued to grow, judging from a Federal Reserve Bank of Dallas survey released April 26-27, which would tend to strengthen power demand and prices.
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The Dallas Fed s Texas Service Sector Survey, released April 27, shows that the revenue index rose from March s 21.6 to 26.1 this April, which can be contrasted with the pandemic-induced contraction to negative 64.8 in April 2020.
The survey s various indexes reflect the result when subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase. For example, the most recent survey had 39.1% of service sector survey respondents reporting an increase in revenue and 13% reporting a decrease, yielding an index of 26.1.
Despite retirement of 131.8 GW of coal-fired generation capacity since 2010, about 225.3 GW of such capacity remains operating today, led by Texas, Indiana and West Virginia, and replacing that capacity with low- or no-carbon alternatives by 2050 would likely coincide with declining wholesale power prices, industry observers say. Since 2010, almost 8.5 GW of .